Philippines - Base Metal Coated Electrodes For Electric Arc-Welding - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCoated Arc-Welding Electrode Price in the Philippines - 2023
Contents:
- Coated Arc-Welding Electrode Price in the Philippines (CIF) - 2023
- Coated Arc-Welding Electrode Price in the Philippines (FOB) - 2023
- Coated Arc-Welding Electrode Imports in the Philippines
- Coated Arc-Welding Electrode Exports in the Philippines
Coated Arc-Welding Electrode Price in the Philippines (CIF) - 2023
The average coated arc-welding electrode import price stood at $893 per ton in June 2023, shrinking by -3.4% against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2022 an increase of 50% against the previous month. As a result, import price reached the peak level of $1,261 per ton. From August 2022 to June 2023, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From June 2022 to June 2023, the rate of growth in terms of prices for China amounted to +0.3% per month.
Coated Arc-Welding Electrode Price in the Philippines (FOB) - 2023
In June 2023, the average coated arc-welding electrode export price amounted to $2,300 per ton, shrinking by -6.2% against the previous month. In general, the export price showed a perceptible setback. The pace of growth was the most pronounced in November 2022 an increase of 62% against the previous month. As a result, the export price reached the peak level of $3,354 per ton. From December 2022 to June 2023, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Vietnam ($8,415 per ton), while the average price for exports to Thailand ($1,538 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.
Coated Arc-Welding Electrode Imports in the Philippines
In 2022, coated arc-welding electrode imports into the Philippines declined remarkably to 12K tons, which is down by -35.8% on 2021. In general, imports faced a abrupt descent. The pace of growth was the most pronounced in 2021 when imports increased by 8.3% against the previous year.
In value terms, coated arc-welding electrode imports contracted notably to $12M in 2022. Overall, imports showed a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of 15% against the previous year. As a result, imports reached the peak of $17M, and then reduced remarkably in the following year.
Import of Coated Arc-Welding Electrode in the Philippines (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 12.1 | 10.9 | 13.3 | 8.5 | -11.1% |
Indonesia | 0.7 | 0.2 | 0.5 | 0.2 | -34.1% |
Others | 3.6 | 3.4 | 3.0 | 3.3 | -2.9% |
Total | 16.4 | 14.5 | 16.8 | 12.0 | -9.9% |
Top Suppliers of Coated Arc-Welding Electrode to the Philippines in 2022:
- China (11.8K tons)
- Indonesia (0.1K tons)
Coated Arc-Welding Electrode Exports in the Philippines
In 2022, approx. 3.2K tons of coated base metal electrodes for electric arc-welding were exported from the Philippines; dropping by -6.7% against 2021. The total export volume increased at an average annual rate of +1.6% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 32%. As a result, the exports reached the peak of 3.4K tons, and then fell in the following year.
In value terms, coated arc-welding electrode exports totaled $9.6M in 2022. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +16.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +76.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 57% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.
Export of Coated Arc-Welding Electrode in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 2,614 | 2,171 | 4,159 | 3,794 | 13.2% |
Iran | 449 | 781 | 904 | 1,343 | 44.1% |
Japan | 215 | 4.9 | 428 | 1,232 | 78.9% |
Thailand | 852 | 977 | 868 | 1,021 | 6.2% |
Honduras | 220 | 249 | 428 | 423 | 24.3% |
Pakistan | 134 | 107 | 211 | 345 | 37.1% |
Vietnam | 284 | 222 | 242 | 332 | 5.3% |
Peru | 119 | 18.9 | 76.7 | 219 | 22.5% |
Jordan | 179 | 94.6 | 194 | 187 | 1.5% |
Spain | 143 | 235 | 319 | 65.5 | -22.9% |
Others | 868 | 577 | 726 | 651 | -9.1% |
Total | 6,076 | 5,436 | 8,557 | 9,614 | 16.5% |
Top Export Markets for Coated Arc-Welding Electrode from the Philippines in 2022:
- United States (1565.2 tons)
- Thailand (456.1 tons)
- Pakistan (245.0 tons)
- Iran (193.3 tons)
- Japan (127.4 tons)
- Jordan (119.6 tons)
- Honduras (116.3 tons)
- Peru (86.8 tons)
- Vietnam (54.4 tons)
- Spain (42.0 tons)
This report provides an in-depth analysis of the coated arc-welding electrode market in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 25931510 - Base metal coated electrodes for electric arc-welding
Country coverage:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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